Alice Hallmann, Uppsala University
Alice Hallman, Uppsala University, who will present “Sequential Voting with Costly Information”
The seminar will take place in room EC1:131.
Abstract: “Sequential voting is used in a wide variety of settings; legal, political, expert committees, and social decision making. This paper explains why late voters sometimes follow the first voter, and sometimes get to cast the deciding vote. I extend the standard sequential voting model with a cost of information and show how the information environment uniquely determines the voting and information aggregation outcome. Disagreement occurs not because a problem is complex, but because there is high-quality information available. Among the model extensions are policy recommendations on voting mechanisms and seniority rules.”